Eagle for sale, again
#31
Gets Weekends Off
Joined APC: Jun 2008
Position: Reclined
Posts: 2,168
I think much has changed since Eagle was last for sale. AMR ran their grand experiment using Cape Air in little 402's out in STL on an interline agreement. More recently they formed an interline agreement with JetBlue, and even gave away some AMR Eagle flying, slots, and routes in the process.... So we have large plane operators flying what were AMR routes providing feed... now the precedent has been made and nobody said boo....
I expect Eagle to be spun off to existing AMR shareholders with AMR retaining 49% interest, but no longer owned. Shortly thereafter, their fee for departure contract will be cancelled, and they will begin flying the exact same feed flying on an interline agreement. As a non AMR owned, non-subcontractor, the scope clauses will no longer apply, and Eagle will begin accepting deliveries of larger jets... E190's... why bother... they'll probably get a stack of 73's.
This would allow AMR to continue their long stated agenda of making Eagle the domestic carrier, and making AA the long haul, transcon & international airline. Once the dust settles, AMR will buy back the outstanding 51% interest from it's shareholders.
I expect Eagle to be spun off to existing AMR shareholders with AMR retaining 49% interest, but no longer owned. Shortly thereafter, their fee for departure contract will be cancelled, and they will begin flying the exact same feed flying on an interline agreement. As a non AMR owned, non-subcontractor, the scope clauses will no longer apply, and Eagle will begin accepting deliveries of larger jets... E190's... why bother... they'll probably get a stack of 73's.
This would allow AMR to continue their long stated agenda of making Eagle the domestic carrier, and making AA the long haul, transcon & international airline. Once the dust settles, AMR will buy back the outstanding 51% interest from it's shareholders.
#34
Gets Weekends Off
Joined APC: Aug 2008
Posts: 110
The greatest fear should be that the good reverend gives in to guaranteed flying and profits (for perhaps 10 - 15 years), which would provide him additional time for him to get the house in order over on the Frontier side. American knows they need to sell Eagle and will likely make him such a deal, he cannot refuse it.
Eagle should sell to a regional airline that intends to stay that way. RAH is headed in a completely different direction. If BB want growth on the contracted side of the business -- the logical airline to buy would have been Compass - same planes, same or less seniority, same flying, etc. However, RAH said they had too much on their plate and passed. The stock market bruised them for it.
An AE purchase has trouble written all over it for both seniority lists, corporate integration, fleet integration, corporate missions, RAH balance sheet, etc. However, if American and the stock market make him take it by making it too financially lucrative to pass up and brusing the stock price further for passing, BB will have to bite. Good luck to the AE and RAH pilot groups if this happens.
Eagle should sell to a regional airline that intends to stay that way. RAH is headed in a completely different direction. If BB want growth on the contracted side of the business -- the logical airline to buy would have been Compass - same planes, same or less seniority, same flying, etc. However, RAH said they had too much on their plate and passed. The stock market bruised them for it.
An AE purchase has trouble written all over it for both seniority lists, corporate integration, fleet integration, corporate missions, RAH balance sheet, etc. However, if American and the stock market make him take it by making it too financially lucrative to pass up and brusing the stock price further for passing, BB will have to bite. Good luck to the AE and RAH pilot groups if this happens.
#35
Gets Weekends Off
Joined APC: Jul 2007
Posts: 919
The greatest fear should be that the good reverend gives in to guaranteed flying and profits (for perhaps 10 - 15 years), which would provide him additional time for him to get the house in order over on the Frontier side. American knows they need to sell Eagle and will likely make him such a deal, he cannot refuse it.
Eagle should sell to a regional airline that intends to stay that way. RAH is headed in a completely different direction. If BB want growth on the contracted side of the business -- the logical airline to buy would have been Compass - same planes, same or less seniority, same flying, etc. However, RAH said they had too much on their plate and passed. The stock market bruised them for it.
An AE purchase has trouble written all over it for both seniority lists, corporate integration, fleet integration, corporate missions, RAH balance sheet, etc. However, if American and the stock market make him take it by making it too financially lucrative to pass up and brusing the stock price further for passing, BB will have to bite. Good luck to the AE and RAH pilot groups if this happens.
Eagle should sell to a regional airline that intends to stay that way. RAH is headed in a completely different direction. If BB want growth on the contracted side of the business -- the logical airline to buy would have been Compass - same planes, same or less seniority, same flying, etc. However, RAH said they had too much on their plate and passed. The stock market bruised them for it.
An AE purchase has trouble written all over it for both seniority lists, corporate integration, fleet integration, corporate missions, RAH balance sheet, etc. However, if American and the stock market make him take it by making it too financially lucrative to pass up and brusing the stock price further for passing, BB will have to bite. Good luck to the AE and RAH pilot groups if this happens.
Don't let Bedford fool you. Labor had nothing to do with the purchase of Compass. He's just trying to make himself look like the good guy. Compass is a staffing company. He would have purchased the pilots, infrastructure, and contract that delta would almost certainly not have renewed when the time came. Depending on the purchase price, he may have lost money in the long run with nothing to show for it.
Eagle is an entirely different situation. It would give BB the opportunity to be the exclusive american feeder. It would most certainly prop up the branded side for many years. I have no clue if there is any truth to the rumors at all, or if RAH has the ability to purchase eagle. I just wouldn't be surprised if it happened.
#36
Gets Weekends Off
Joined APC: Jul 2007
Posts: 390
I think much has changed since Eagle was last for sale. AMR ran their grand experiment using Cape Air in little 402's out in STL on an interline agreement. More recently they formed an interline agreement with JetBlue, and even gave away some AMR Eagle flying, slots, and routes in the process.... So we have large plane operators flying what were AMR routes providing feed... now the precedent has been made and nobody said boo....
I expect Eagle to be spun off to existing AMR shareholders with AMR retaining 49% interest, but no longer owned. Shortly thereafter, their fee for departure contract will be cancelled, and they will begin flying the exact same feed flying on an interline agreement. As a non AMR owned, non-subcontractor, the scope clauses will no longer apply, and Eagle will begin accepting deliveries of larger jets... E190's... why bother... they'll probably get a stack of 73's.
This would allow AMR to continue their long stated agenda of making Eagle the domestic carrier, and making AA the long haul, transcon & international airline. Once the dust settles, AMR will buy back the outstanding 51% interest from it's shareholders.
I expect Eagle to be spun off to existing AMR shareholders with AMR retaining 49% interest, but no longer owned. Shortly thereafter, their fee for departure contract will be cancelled, and they will begin flying the exact same feed flying on an interline agreement. As a non AMR owned, non-subcontractor, the scope clauses will no longer apply, and Eagle will begin accepting deliveries of larger jets... E190's... why bother... they'll probably get a stack of 73's.
This would allow AMR to continue their long stated agenda of making Eagle the domestic carrier, and making AA the long haul, transcon & international airline. Once the dust settles, AMR will buy back the outstanding 51% interest from it's shareholders.
#37
Gets Weekends Off
Joined APC: Jan 2009
Position: PA-31/left, LJ31/right
Posts: 350
About 2700 pilts.
SEN. # 1 about 29 years
SEN #50 about 25 years
SEN #100 about 24 years
SEN #200 about 23 yeras
SEN #400 about 21 years
SEN #600 about 19 years
SEN #800 about 14 years
SEN #1000 about 12 years (junior lineholders........working many holidays, etc.)
SEN #1200 about 11 years
SEN #1400 about 10 years (most junior jet captain)
SEN #1800 about 6 years
SEN #2000 about 4 years
SEN #2400 about 3 years
*500 pilots with at least 20 years of service.
I'll understand if you need a minute to steady yourself..............
SEN. # 1 about 29 years
SEN #50 about 25 years
SEN #100 about 24 years
SEN #200 about 23 yeras
SEN #400 about 21 years
SEN #600 about 19 years
SEN #800 about 14 years
SEN #1000 about 12 years (junior lineholders........working many holidays, etc.)
SEN #1200 about 11 years
SEN #1400 about 10 years (most junior jet captain)
SEN #1800 about 6 years
SEN #2000 about 4 years
SEN #2400 about 3 years
*500 pilots with at least 20 years of service.
I'll understand if you need a minute to steady yourself..............
This is probably where all the "DOOOOM TEHZ PILOT SHOTEZ!" comes from. A ton of senior guys means possible movement in the comming years. Most guys airline career is only 25-30 years.
#39
Banned
Joined APC: Jun 2008
Posts: 8,350
#40
Gets Weekends Off
Joined APC: Jan 2009
Position: PA-31/left, LJ31/right
Posts: 350
Thread
Thread Starter
Forum
Replies
Last Post